Korea Zinc attempts to fend off takeover with stake buyback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Source: Reuters
Korea Zinc's Share Buyback: Korea Zinc has initiated a buyback of 9.85% of its shares to prevent major shareholders, Young Poong and MBK, from increasing their stakes amid an ongoing control battle with the Chang family.
Escalating Takeover Battle: The company’s share price surged as the competition for control intensifies, with both sides preparing for an extraordinary shareholder meeting to propose board nominees, while key stakeholders like South Korea's National Pension Service remain undecided.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
